Rendering a 2.79b file in Blender 2.80
You got a Blender Internal render engine setting. It is not for Cycles, they don't use same material system(although they are all using node). 

You will not able to directly import this material into Blender 2.80 and further version. Since they've discarded the old BI system and adopt EEVEE, which share the same material system, instead.

You might find out that node setting in 2.81(newest one) could probably do the same effect with more elegant node setting. Keep on keeping on.